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Economic Impact of Tourism

Monitoring and quantifying the economic impact of tourism was vital to Cross River Partnership's work to spread the benefits of the industry in central London.

Using the Scarborough Tourism Economic Activity Monitor (STEAM), tourism activity was monitored from 2001 to 2003. This model defined direct and indirect tourism expenditure in the following sectors;

Cross River Partnership (CRP) used the model to provide an analysis of the economic impact of tourism in central London including year-on-year fluctuations, which has helped shape its Tourism Strategy. Soon after this project started, figures were gained for 1999 and 2000 and a baseline year of 1995 was added.

The project has revealed that in 2003 the figures tended not to vary much more than a three per cent growth or decline on 2002 figures and that;

Geographical area
This project provided data on different levels; by a central London sub-region including Lambeth and Southwark councils, City of London and Westminster City Council and by a tighter core area comprising the Cross River area.

STEAM was initially used in Scarborough (hence the name).

Time frame
Project start date: March 2001
Project end date: May 2004

Results
The STEAM 1999 to 2003 report is now complete.

Cross River Partnership's role
Management and facilitation plus financial support for part of the annual running costs.

Other project partners
Global Tourism Solutions (GTS) (UK) Ltd
City of London
Southwark Council
Lambeth Council
Westminster City Council
Visit London

Further information
The STEAM reports are available from GTS (UK) Ltd.
gtsuk@link-connect.co.uk
GTS (UK) Ltd
2 Barleycroft
Filey Road
Scarborough
North Yorkshire
YO11 3AR

Contact
Anita Gardiner
Cross River Partnership
020 7926 0081
agardiner@lambeth.gov.uk   

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Date checked/updated: 2 May 2007

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